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XAU/USD & XAG/USD - Gold & Silver Traders Thread

  • #52,621
  • Sep 10, 2019 7:08am Sep 10, 2019 7:08am
Quoting farukh
{quote} So are you long from here? And what target are you anticipating? I am already long from 1491 SL 1485 TP 1503
Nah I shorted the handle earlier on. I'm looking to load serious longs at that 1485ish handle......

Here is the original link of my levels of entry for my orders today...

Quoting MzansiObi
{quote} 1485 has held and has found a bit of resistance around 1496 again.... we take it one level at a time....it becomes very NB to monitor PA around these intra day/weekly levels.... Short 1494.54 SL 1508 TP Open Buy Limit 1485.75 SL 1470 Trade Safe
4&1 All Time Profit: $37,496
  • #52,622
  • Sep 10, 2019 7:42am Sep 10, 2019 7:42am
Quoting tush1822
{quote} Best time will be US CPI data on Thursday. I guess it will be buy dips scenario since moderate or worst numbers are expected.
anything below 1493 is best buy for rest of the week !!!
  • #52,623
  • Sep 10, 2019 8:13am Sep 10, 2019 8:13am
Quoting tush1822
{quote} anything below 1493 is best buy for rest of the week !!!
What is your anticipated price maximum on top?
I think 1527-1535 will be the key area to continue or return.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,624
  • Sep 10, 2019 8:21am Sep 10, 2019 8:21am
Quoting farukh
{quote} What is your anticipated price maximum on top? I think 1527-1535 will be the key area to continue or return.
I am in office now cant post images, but if you draw a rectangle from 1493 to 1522 is the range. Once the US CPI will release and if its moderate or worst, it will try to break the rectangle, If it will be above expectations, again the PA will try to touch 1493.

Thats what my analysis is for this week.
  • #52,625
  • Sep 10, 2019 11:37am Sep 10, 2019 11:37am
Quoting auricforecas
{quote} Ok so far it is going into that planed direction, but market is still rather cautious about the ECB's speech this week.... I hope the correction will happen this week.. so that we can resume trendsurfing BTW seriously thinking of buying physical gold this week.. BEFORE it starts pumping up again
Man, will decide by the end of the week (about buying physical), on Friday the 13th We might see till/on Friday if the price rebounds or not... OR decide if wait for another MAX week, but definitely not more
Again one stolen week due to many expectations out of famous ECB words... Traders stalling... Meanwhile some countries happy of the drop, so they can pile it up some more +100tons for CN alone... https://www.bloomberg.com/news/artic...rade-war-drags
This article from today also crazy optimistic... https://www.rt.com/business/468481-c...a-gold-schiff/
Can you afford to take that chance?
  • #52,626
  • Sep 10, 2019 3:41pm Sep 10, 2019 3:41pm
Quoting MzansiObi
{quote} Nah I shorted the handle earlier on. I'm looking to load serious longs at that 1485ish handle...... Here is the original link of my levels of entry for my orders today... {quote}
Its under some more shit now lol,, careful
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  • #52,627
  • Sep 10, 2019 4:32pm Sep 10, 2019 4:32pm
Quoting digger1
{quote} Its under some more shit now lol,, careful {image}
Good to see you on this side of the woods Digs, agreed its below some shit, i had marked out 1585.75 as a key Support handle inta day and 87 as a key for the week....the market close around the handle is a slight positive for me, but ill be cautious with the Buy dips. Lets see how it behaves as it opens and also where it actually does go as soon as it happens
4&1 All Time Profit: $37,496
  • #52,628
  • Sep 10, 2019 4:35pm Sep 10, 2019 4:35pm
morning great traders


i would like to see 1250 again now that would be nice
people leave, but this thread will go on for ever
  • #52,629
  • Sep 10, 2019 4:57pm Sep 10, 2019 4:57pm
Quoting digger1
{quote} Its under some more shit now lol,, careful {image}
On that Note, here are updated intra day levels for wednesday......


H1 sell zone: 1492.41 -1496.34
H4 Sell Zone: 1501.38 - 1511.76

Intra day levels

Upside
1512.3
1506.7
1501.2
1496.27
1489.87

Downside
1483.48
1479.53
1473.13
1462.21



Currently have my Long trade filled, will look to see how price behaves at said levels and adjust or add trades accordingly, another close belwo 1500 and another lower close intra day, we keep selling rallies that get into h1 and h4 sell zones......
Simple is key....

trade safe
4&1 All Time Profit: $37,496
  • #52,630
  • Sep 10, 2019 8:15pm Sep 10, 2019 8:15pm
Some very heavy volume buying gold at the SHFE open. Usually a bullish sign.
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We must learn who is gold, and who is gold plated
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  • #52,631
  • Sep 10, 2019 11:31pm Sep 10, 2019 11:31pm
Quoting EventsTrader
Some very heavy volume buying gold at the SHFE open. Usually a bullish sign. {image}
Hey bud.
Yeah some interesting volume/order flow......but won't be surprised to see them let it dip a little bit more before it genuinely kicks on.

Have already trailed my long from current structural support. So as much as it's running risk free, we need to pay special attention to the volume at certain levels......if the bears also have a high volume of orders coming in while under 1500......this battle will continue as it did yesterday throughout the day....
4&1 All Time Profit: $37,496
  • #52,632
  • Sep 11, 2019 1:09am Sep 11, 2019 1:09am
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  • #52,633
  • Sep 11, 2019 1:55am Sep 11, 2019 1:55am
gold situation , started for correction 1399 below having limit 1365, apparent pa .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #52,634
  • Sep 11, 2019 2:36am Sep 11, 2019 2:36am
H1 chart depicting the short setups that h1 sellers have enjoyed this weeks, . It has given a couple of great short positions and posted around these on the other thread.

As mentioned earlier, there are slight hints of a relief rally for bulls, the H1 RSI keeps on pointing up and there seems to be a possible inverted head and shoulder level near a key support zone, the remaining shoulder level will need to hold and support price action for further bullishness.

The yellow indications on the chart show those levels.
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #52,635
  • Sep 11, 2019 3:43am Sep 11, 2019 3:43am
from my eye is a short if it breaks down
but have to see when ny opens
  • #52,636
  • Sep 11, 2019 4:33am Sep 11, 2019 4:33am
hey guys it looks like the price broke that downtrend line in H4
  • #52,637
  • Sep 11, 2019 4:54am Sep 11, 2019 4:54am
Quoting Marcieny
hey guys it looks like the price broke that downtrend line in H4
Yes but current h4 needs to close above it. 2 hours are left.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,638
  • Sep 11, 2019 4:58am Sep 11, 2019 4:58am
Quoting farukh
{quote} Yes but current h4 needs to close above it. 2 hours are left.
yes... I'm waiting.
  • #52,639
  • Sep 11, 2019 5:08am Sep 11, 2019 5:08am
Quoting farukh
{quote} Yes but current h4 needs to close above it. 2 hours are left.
Just keep an eye on that engulfing h2 candle too at these levels...

Lets see if we can challange 96 then the psych 1500.......but im officially looking at buying dips.
I will short some more around the m15 200 ema again as it lies more or less near those upside targets.....
But we remain patient
4&1 All Time Profit: $37,496
  • #52,640
  • Edited 1:11pm Sep 11, 2019 12:25pm | Edited 1:11pm
The switch in the next 24-48h might be crazy... All people watching for the almighty ECB (with derived potential FED moves out of it...) tomorrow... and than the afterparty on Friday... US Retail sale... Will be out of the market for the next two days, that's for sure... Can't afford to take that chance... For Titans to play monopoly with peoples money, spikes style.. no tnx... I don't throw darts at a board... I believe there are MASSIVE positions prepared... loaded and ready to go... up to 100B+... by player... So let it role..

BTW Shorting GOLD just now.. since the last hour or so... The last trade of the week...
And yeah, playing/testing with some other (new to me) market (CO2)... will watch how/if it is affected by all the mess as well

So I will be out of all positions, from all the markets that I trade.. by tomorrow morning or noon, the latest Will resume full trading on MM - Monday Morning

BTW this is how traders prepare for ECB/FED news... (big one tomorrow)
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Can you afford to take that chance?
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